TORONTO, ONTARIO--(June 29, 2015) - Star Navigation Systems Group Ltd. ($SNA:CA) (SNAVF) ("Star" or the "Company") is pleased to announce that its' STAR Man Machine Interface Division ("STAR-MMI") has received additional orders for upgrades of displays from three major Fortune 100 Aerospace Companies.
The completed orders, scheduled for shipping in July, are valued at over C$400,000.
The STAR-MMI Division began operations in April, 2014 and started receiving orders in October, 2014. In the 9 months since its first order, the Company has received orders totalling in excess of C$1.2 million.
Star's MMI Division designs and manufactures high performance, mission critical, flat panel displays for defence and commercial aviation industries worldwide, in addition to Star's STAR-A.D.S. ™ system hardware.
The STAR-MMI Division is currently expanding its client list for display retrofit business, which includes various military customers operating the P-3 Maritime Patrol and Surveillance aircraft, medium and large-size helicopters, as well as fighter jets.
The capabilities and experience of Star's MMI Division are ideally suited for LCD displays and control panel upgrades, retrofits or adaptations on demanding projects worldwide. Star operations are all located in Canada (Toronto and Montreal).
About Star Navigation:
Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S. ™ System. It is the first system in the world to feature in-flight data-analysis, monitoring and diagnostics with a real-time connection between aircraft and ground. Its real-time capability of tracking performance trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator.
Star's MMI Division designs and manufactures high performance mission critical flight deck, flat panel displays for defence and commercial aviation industries worldwide.
Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words "may", "would", "could", "will" and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements. Such statements reflect Star's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star's actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements, except as required by law.
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